Posted by Eric C on February 18, 2001 at 10:25:39:
Hi PJ -
There are indeed some here who invest in “College towns” as you call them; often they can be great places to live and work.
Most of the “regulations” that you mention are pretty much standard for rental properties anywhere in the U.S. regardless of location. It has less to do with students and more to do with overall code compliance.
All of these issues are evidently present in your area, so you obviously need to factor those (and many more) into your investment decision.
Nothing you note in your post will severely impact your bottom line if you take a proactive (and more professional) approach to your business and your investments.
On the other hand, pretend that these don’t apply to you and I can almost guarantee that you will regret it.